When will the corporate tax return for liquidation entry be filed for a company that made the liquidation decision on 30.06.2024 but was registered with the trade registry on 03.07.2024?
According to Article 14/3 of the Corporate Tax Law, the corporate tax return related to the liquidation entry must be submitted between the first and last day of the fourth month following the closing of the fiscal period.
Since the company’s registration date for the liquidation entry is 03.07.2024, the corporate tax return will be submitted between 01 November 2024 and 30 November 2024. The return will not be filed before this date.
In the e-return system provided by the Revenue Administration’s BDP program, the return type for the corporate tax return will be selected as “short period.”
The relevant article of the Corporate Tax Law on filing the return:
Filing Basis
Article 14
(1) Corporate tax is assessed based on the declaration of the taxpayer or tax responsible. The tax return includes the results of the relevant fiscal period.
(2) Every taxpayer submits a return for their entire taxable income. However, for economic public enterprises without legal personality and economic enterprises belonging to associations and foundations, a separate return is filed by the public legal entities or the associations and foundations to which they belong.
(3) The corporate tax return is submitted to the tax office to which the taxpayer is affiliated between the first and twenty-fifth day of the fourth month following the closing of the fiscal period.
(4) Separate returns are not filed for branches, agencies, buying and selling offices, stores, factories, or other workplaces affiliated with the taxpayer, even if they have independent accounting and separate capital.
(5) If a cooperative’s income solely consists of rental income subject to withholding tax, no return is filed for this income.
(6) The tax office the taxpayer is affiliated with is the tax office where the corporation’s legal or business center is located.
(7) The Ministry of Finance has the authority to determine the tax offices to which taxpayers are affiliated, regardless of their legal or business centers.
(8) The format, content, and attachments of tax returns are determined by the Ministry of Finance. Taxpayers are required to submit their returns in this format or report in accordance with the information stated in these returns.
Source: Istanbul Chamber of Certified Public Accountants
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